Summarised by Centrist
In ‘The quotes were £5,000 or more’: electric vehicle owners face soaring insurance costs”, Zoe Wood writes that despite driving an electric car, which should be a ‘win-win’ for saving money and the planet, UK drivers are being hit with annual insurance costs that have rocketed from $2450 NZD (£1200) to more than $10,200 NZD (£5,000). And that’s if they can find an insurer in the first place!
Aside from the general increase in the cost of living, there’s expensive features, upgrades and a high cost of repair for electric vehicles, which is having a knock on effect on premiums.
Electric vehicles also take longer to repair than their diesel counterparts and the industry as a whole suffers a shortage of qualified technicians to work on them.